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COMPANY REGISTRATION NUMBER: 04745367
BLPL Limited
Filleted Unaudited Financial Statements
30 April 2023
BLPL Limited
Financial Statements
Year ended 30 April 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
BLPL Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
11,058
9,168
Current assets
Debtors
6
1,536
Cash at bank and in hand
13,843
9,115
--------
--------
13,843
10,651
Creditors: amounts falling due within one year
7
12,415
13,915
--------
--------
Net current assets/(liabilities)
1,428
( 3,264)
--------
-------
Total assets less current liabilities
12,486
5,904
Creditors: amounts falling due after more than one year
8
10,175
13,875
--------
--------
Net assets/(liabilities)
2,311
( 7,971)
--------
--------
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
2,309
( 7,973)
-------
-------
Shareholders funds/(deficit)
2,311
( 7,971)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BLPL Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
M Baker
Director
Company registration number: 04745367
BLPL Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, CM2 0AW, Essex.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable from property rental.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 May 2022
7,098
35,613
1,373
44,084
Additions
2,408
2,408
-------
--------
-------
--------
At 30 April 2023
9,506
35,613
1,373
46,492
-------
--------
-------
--------
Depreciation
At 1 May 2022
33,846
1,070
34,916
Charge for the year
442
76
518
-------
--------
-------
--------
At 30 April 2023
34,288
1,146
35,434
-------
--------
-------
--------
Carrying amount
At 30 April 2023
9,506
1,325
227
11,058
-------
--------
-------
--------
At 30 April 2022
7,098
1,767
303
9,168
-------
--------
-------
--------
6. Debtors
2023
2022
£
£
Corporation tax repayable
1,536
----
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,700
3,700
Accruals and deferred income
7,482
7,482
Corporation tax
279
Director loan accounts
309
178
Other creditors
645
2,555
--------
--------
12,415
13,915
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
10,175
13,875
--------
--------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
10. Related party transactions
At the year end the company owed the directors £309 (2022: £178) by way of a loan account. This loan, which shown amongst creditors, is interest free and repayable on demand. During the year the company paid rent of £10,850 (2022: £11,200) to the directors of the company.